Overall market trend: Bearish
Yesterdays market: Money entering the market – Normal buying pressure
TC2000 McClellan: Bounce territory -98
Stocks above 40PMA: 25%
Seasonality: Later March typically stronger than Feb in mid term year
Indices:
$QQQ: Downtrend
$SQQQ: Uptrend
$IWM: Downtrend
$SPY: Downtrend
$DIA: Downtrend
1%+ sectors yesterday:
- $XTL +1.15%
- $IYT +1.15%
1%- sectors yesterday:
- $HACK -1.33%
Main sectors monthly trailing:
- Leading – $XLE $XLU
- Lagging – $XLB $XLF
Sub sectors monthly trailing:
- Leading – $HACK $TAN
- Lagging – $JETS $KRE
Bitcoin: Under the 200sma at 74k ish
Themes: Energy, Telecoms, Industrials, Semis, Tech
Are breakouts likely to work: No but getting close to bounce territory
Are breakdowns likely to work: Yes
Should I be trading: No not for my style of trading, manage current positions
Stock goat 